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Gold climbed above $4,180 an ounce on Monday as Federal Reserve Chair Kevin Warsh struck a softer tone on rates and a global equity selloff driven by AI-spending concerns pushed investors toward safe havens.

The dollar index held near 102.07 and headed for its first weekly decline since mid-September as the 10-year Treasury yield fell about 15 basis points and the euro recovered from a 17-month low.

US consumer prices rose 3.7 per cent year on year in September, above expectations, jolting global markets and lifting bets that the Federal Reserve may raise rates.